Farmers are seeing steadily falling prices for beef cattle – but consumers haven’t seen any relief at the meat counter, yet.
Canadian farmers started to see much higher sale prices for beef cattle starting in October 2013, as American beef operations, hit by a severe drought, crossed the border to buy cattle to rebuild their herds.
Before that point, it was unusual for beef cattle to be sold in Alberta for much more than $100 per hundred pounds.
The price hike was profitable for farmers, but drove up prices for consumers.
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